The high voltage direct current (HVDC) capacitor market size was valued at more than $4 billion in 2020. During the forecast period, the market is forecast to grow at a CAGR of more than 15% from 2021 to 2027.
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For electronic equipment’s DC supplies and other general applications, high-voltage direct current (HVDC) capacitors are designed. Transmission systems with HVDC capacitors can be safer, more reliable, and more economical. The method identifies flaws and defects before processes or operations are disrupted.
The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
Factors Impacting the Global High Voltage Direct Current (HVDC) Capacitor Market
High voltage direct current (HVDC) capacitor industry growth is primarily driven by the rising demand for improved grid infrastructure to increase power access.
Growing demand for high voltage capacitors in ultra-high voltage transmission (UVH) and extra-high voltage transmission (EHV) is accelerating the demand for high voltage direct current (HVDC) capacitors. Further, industrialization also contributes to the growth of the market.
Market growth during the forecast period can be attributed to innovation within the energy sector.
Due to the high voltage hazards associated with HVDC capacitors, market growth is hindered.
Additionally, improvements in stability and favorable governmental regulations, as well as specialty end-user segments, have contributed to the market growth.
Covid-19 Impact: the High Voltage Direct Current (HVDC) Capacitor Market
The Coronavirus outbreak has negatively impacted worldwide sales of high voltage direct current (HVDC) capacitors.
Due to slowdowns in the global economy and unavailability of workers, electronics, and semiconductor manufacturing facilities have been closed.
Due to the covid-19 outbreak, manufacturing utilization has significantly dropped, and travel bans and closures of facilities have kept workers away from the factories, which has slowed the growth of the high voltage direct current (HVDC) capacitor market.
Technological advancements are expected to contribute to the recovery of the high voltage direct current (HVDC) capacitor market. During the forecast period, market players are deploying strategies to drive the market.
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Regional Outlook: The High Voltage Direct Current (HVDC) Capacitor Market
The market is dominated in the four geographic regions- Europe, Asia-Pacific, North America, and the Rest of the World. According to market size data, Europe was the largest region for HVDC capacitors. Several other markets, including Asia Pacific, Europe, the Middle East, and Africa are also identified as promising ones, along with China, Japan, India, Germany, and the Middle East, which provide a boost to the growth of the market. Government investments in developing power infrastructures and pro-renewable regulations are expected to encourage governments to adopt HVDC in the Americas, given the high levels of investment in power infrastructures.
Competitive Landscape: the High Voltage Direct Current (HVDC) Capacitor Market
Competitive analysis and profiles of the high voltage direct current (HVDC) capacitor market players are:
TDK Corporation
General Electric Company
UCAP Power, Inc.
Vishay Intertechnology
Eaton Corporation PLC
General Atomics, Inc.
Hitachi Ltd.
Murata Manufacturing
Siemens AG
Samwha Capacitor Co Ltd
Segmentation Analysis: the High Voltage Direct Current (HVDC) Capacitor Market
The segmentation of the high voltage direct current (HVDC) capacitor-based on Type, Technology, Installation Type, and Application.
Segmentation based on Type
Reconstituted Mica Paper Capacitor
Ceramic Capacitor
Aluminum Electrolytic capacitor
Tantalum Wet Capacitor
Glass Capacitor
Plastic Film Capacitor
Others
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Segmentation based on Technology
Line Commutated Converters (LCC)
Voltage-sourced Converters (VSC)
Segmentation based on Installation Type
Open Rack Capacitor Banks
Fuseless Capacitor Banks
Internally Fused Capacitor Banks
Externally Fused Capacitor Banks
Enclosed are Rack Capacitor Banks
Automatic Capacitor Banks
Fixed Capacitor Banks
Pole Mounted Capacitor Banks
Segmentation based on Application
Commercial
Energy & Power
Defense
Industrial
Others
Aim of the Report
This study aims to determine the market size of various segments and countries with forecast values for next ten years.
Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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